Steve Jobs resigns as Apple CEO

BBC Steve Jobs, the founder of Apple who led the company to huge success with such products as the iPod, iPhone and iPad, announced today that he is stepping down from his position as CEO of the company. In a letter to shareholders, Jobs explained that he had promised to step down if he could no longer meet his duties and that “unfortunately, that day has come.” Jobs, who received a liver transplant as part of his treatment for pancreatic cancer, had been on medical leave for most of this year. He will be replaced as Apple CEO by Tim Cook, the chief operating officer of Apple, who has been running the company in Jobs’ absence.